Wet & Set Joing Tape

Asking Price$250,000

Cash Flow
$10,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$150,000
Included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

Permanant adhesion to drywall
Rolls
Logo
Use
Cutting
Dry time one hour
Permanant adhesion to drywall
Rolls
Save1/6

Wet & Set Joing Tape


Asking Price$250,000

Cash Flow
$10,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$150,000
Included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed


Seller Financing Available
Business Description
Seeking a sale a patented product (patent #6,071,833). Wet & Set joint tape eliminates the present drywall installation method which requires multiple tools and materials over a two day process and transforms it into a simple single day application. Application of Wet & Set tape is simple; it requires only tap water. Once Wet & Set is quickly immersed in clean water, it activates the quick drying adhesive integrating into the wallboard face paper, creating an airtight bond at the wallboard panel joint without the necessity of first applying compound. Traditional taping methods require waiting up to 24 hours for this phase to dry, Wet & Set dries rapidly in less than an hour; allowing bed coat application. Wet & Set is permanently adhered to the wall within an hour. The weekend warrior or contractor now has a high-speed process for taping which requires minimal skill.
Wet & Set was in various big box retail stores distributed through a well known home improvement brand. We have all the pieces in place and seeking a sale to get back to the level of success we were at.
Inventory on hand and ready to be sold and included in the purchase price. We have approximately 10,000 75 foot rolls on hand at a cost of approximately $4.40 per roll with an estimated sales price of up to $15/roll at retail or potentially over $150,000 in sales ready to go. There are numerous other applications or products associated with the joint tape where the rights of such products would all pass to the buyer/distribution partner. The product is currently on Amazon for $12-15 (Wet & Set Water-Activated Joint Tape: Amazon.com: Industrial & Scientific). https://www.amazon.com/dp/B0D465ZCFT
Professional video available upon request.

All historical knowledge of the product, manufacturing contacts, trade names and everything to pass with the sale and or establishment of distributing partner. Seller is willing to stay involved.
The ideal buyer will have contacts in the big box retail stores with a focus on home improvement. Wet & Set potentially has a greater market internationally in developing countries as compared to domestically in the US and Canada.

Wet & Set is a trademarked name with the receipt of royalty from a large distributor.
About the Business
Number of Employees
0
Currently Relocatable
Yes
Currently Home Based
Yes
Facilities & Assets
Currently all business activities are home based.
Market Outlook / Competition
Walk through your local hardware store and you will see many joint tapes. This is the only one on the market that we are aware of that provides the ability to apply a thin coat of mud, have full adhesion to the wall board, fully dry in a short period of time and then sand and paint. Other mesh products or traditional tape requires significant drying time before sanding and painting can begin.
Opportunities for Growth
Growth will come with a buyer with a distribution channel domestic and international.
About the Sale
Seller Motivation
Focusing on other businesses
Transition Support
Seller willing to assist buyer with all support and training. Seller willing to stay on board in a consulting capacity and / or minority interest.
Financing Options
Open to all types of financing or payment over time.
Listing Info
ID
2320948
Listing Views
1256

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Business Listed by: Michael Pipala

Listing ID: 2320948 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.